Trade or business definition

Trade or business means any occupation, calling, trade, business, profession, industry, service or other commercial activity;
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Trade or business means the unitary business of the taxpayer, part of which is conducted within [this State].
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Trade or business means an activity that is carried on for the production of income
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Examples of Trade or business in a sentence

  • Trade or business applies only to the active conduct of a business.

  • Activities that meet the definition of rental activities under Temporary Regulations section 1.469-1T(e)(3) and Regulations section 1.469-1(e)(3).Passive activities don't include the following.1. Trade or business activities in which you materially participated.2. Rental real estate activities in which you materially participated if you were a real estate professional for the tax year.

  • For purposes of determining whether a partner is an eligible partner under section 731(c)(3)(C), if the partner has contributed to the investment partner- ship an interest in another partnership that meets the requirements of para- graph (e)(4)(i) of this section after the contribution, the contributed interest is treated as property specified in sec- tion 731(c)(3)(C)(i).(3) Trade or business activities.

  • Congress enacted section 199A to provide a deduction to non-corporatetaxpayers of up to 20 percent of the taxpayer’s qualified business income from each ofthe taxpayer’s qualified trades or businesses, including those operated through a partnership, S corporation, or sole proprietorship, as well as a deduction of up to 20 percent of aggregate real estate investment trust dividends and qualified publicly traded partnership income..02 Trade or business.

  • Trade or business activities in which the shareholder materially participated for the tax year.


More Definitions of Trade or business

Trade or business means a trade or business or that part of a trade or business the profits of which are assessable under this Act.
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Trade or business means an activity that is carried on for the production of income from the sale or manufacture of goods or performance of services, excluding residential rental activity.
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Trade or business means a sole pro- prietorship, a partnership, a trust, an estate, or a corporation that is car- rying on a trade or business (within the meaning of section 162). Any corpora- tion that is a member of a commonly controlled group shall be deemed to be carrying on a trade or business if any other member of that group is carrying on any trade or business.
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Trade or business means a trade or business as such term is used in Section 141(b)(6) of the Code.
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Trade or business means the unitary business of the taxpayer, part of which is conducted within Idaho. (4-6-05)
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Trade or business means a tradeor business that is a trade or business under section 162 (a section 162 trade or business) other than the trade or business of performing services as an employee. In addition, rental or licensing of tangible or intangible property (rental activity) that does notrise to the level of a section 162 trade or business is nevertheless treated as atrade or business for purposes of section 199A, if the property is rented or licensed to a trade or business conducted by the individual or an RPE which is commonly controlled under§ 1.199A–4(b)(1)(i) (regardless of whether the rental activity and the trade or business are otherwise eligible to be aggregated under § 1.199A–4(b)(1)).
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Trade or business means a sole pro- prietorship, a partnership, a trust, an estate, or a corporation that is car- rying on a trade or business (within the meaning of section 162). Any corpora- tion that is a member of a commonly controlled group shall be deemed to be carrying on a trade or business if any other member of that group is carrying on any trade or business.(b) Computation of the group credit—(1) In general. All members of a controlled § 1.41–6group are treated as a single taxpayer for purposes of computing the research credit. The group credit is computed by applying all of the section 41 computa- tional rules on an aggregate basis. All members of a controlled group must use the same method of computation, either the method described in section 41(a) or the alternative incremental re- search credit (AIRC) method described in section 41(c)(4), in computing the group credit for a credit year.(2) Start-up companies—(i) In general.For purposes of computing the group credit, a controlled group is treated as a start-up company for purposes of sec- tion 41(c)(3)(B)(i) if—
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